Kohl's Stock Jumps As Potential Buyers Reportedly Line-Up

by Shivani Kumaresan, Benzinga Staff Writer

January 24, 2022 6:33 AM | 1 min read | Make a Comment

Kohl’s Corp KSS has received a potential takeover bid from New York-based private equity firm Sycamore Partners, Bloomberg reports.
The latest bid from Sycamore comes days after another bidder emerged with a $9 billion bid backed by hedge fund Starboard Value LP.
The report added that the Starboard-backed bid is valued at $64 per share.
Recently, activist investor Macellum Advisors has urged the retailer to make board changes or consider a sale.
Price Action: KSS shares traded higher by 28.4% at $60.15 in premarket on the last check Monday.

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